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That's not entirely true.
Some things can be made overseas with better cost efficiency (think small junky things at Walmart and dollar stores) but others like cars,bulky items can't.
It's not that difficult. We just have to pass a law that any American company must follow American labor laws no matter where in the world they have their manufacturing facilities. That means they have to follow the same wage, environmental and labor laws anywhere they are. They can't pay Chinese children a few pennies to make things, then spill toxic waste into the river. It'll make it unprofitable to go overseas and they'll bring their operations back home.
I really don't understand how Obama is getting blamed for the unemployment rates and bad economy, he inherited Bush's mess..the verdict is still out though on how well his plans will have worked.
For some reason, Honda, Toyota, Hyundai, Volvo, Audi, and Volkswagen manage to make cars that sell better in the US than our homegrown incompetent boob car companies, and those car companies make a profit. Yes, some of the cars are made in the US, but whenever I drive past the Port of Los Angeles, there's always huge lots of brandy new imported cars lined up and waiting to go.
At Boeing, you have the opportunity to be part of one of the most diverse, talented and innovative workforces anywhere. Boeing is the world's leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined. Boeing employs 158,000 people around the world. We have 150 Boeing employees in China, and more than 6,000 employees at Boeing-related businesses such as subsidiaries and joint ventures.
Boeing: Careers - Locations - China
He's been Community Organizer in Chief for a year and a half.
Free market is a disaster the way it stands. What's needed is a controlled organization like OPEC.
ricksfolly
Free market is a disaster the way it stands. What's needed is a controlled organization like OPEC.
ricksfolly
I did not see deregulation on the list.. I have not chosen a selection because I see current conservatives embracing libertarian economic conjecture which is the cause of the economic collapse. Austrian economics is the cause.
Austrian economics isn't embraced the main stream economists, but Keynesian economics are. The economic collapse is a direct result the Keynesian philosophy of debt based spending to encourage growth coupled with the fiat Federal Reserve Note and fractional reserve banking. Austrian economics requires a hard currency base to work from with a savings based economic plan without a fractional reserve system. Austrians firmly believe that by doing actual savings and using hard metal currency like gold will allow a country to prosper and experience real growth. They've got a lot of historical evidence to base their beliefs on.
Austrian School principles advocate strict adherence to methodological individualism – analyzing human action exclusively from the perspective of an individual agent.
John Bogle: The Free Market's Moral Crisis
FORA.tv - John Bogle: The Free Market's Moral Crisis
Eliot Spitzer: The Cataclysm of 2008-2009
FORA.tv - Eliot Spitzer: The Cataclysm of 2008-2009
Austrian School - Wikipedia, the free encyclopedia
Which still doesn't disprove what I said that the US follows Keynesian economic policies. Also, there is no single focus of Austrian economics since there are varying degrees of thought regarding it and the point of view I presented is from Mises. Austrian economics is still a minority in the US, which is what I said. The US government adheres to Keynesian economics and has since FDR was in office.
The US has had to resort to Keynesian economic policy as a result of the credit crunch caused by deregulation of the finance industry or else let the global economy collapse. Please take the time and watch these particular lectures. Very interesting stuff.
EDIT: You might particularly agree with John Bogle being the conservative you are. Bogle kind of skirts the issue IMO though and Eliot Spitzer is more cutting in his appraisal.
For the past 80 years? Keynes was wrong then and he's certainly wrong now. The problem started with the introduction of the Federal Reserve Note and allowed the competition between the Treasury Certificates and Federal Reserve Note that created a bubble that burst in 1929. Our current problems are the result of the Federal Reserve Bank being implemented in the first place. Prior to that boom-bust cycles were on a 10 year span with the banks promising that under the Federal Reserve Act that they would be able to end that. Unfortunately, they were wrong since the boom-bust cycle has gotten shorter and more severe. Keynesian Economics are part and parcel of all this, so to blame the Austrian school (a minority view) is wrong.
Look clearly republicans and democrats have not been Keynesian. Redistributive policy has not been the order. Your completely ignoring the US is quite different from say.. Canada in terms of taxation and social policy for example. The US has been sliding further and further right of center with libertarian economic policy. Spending without revenues in good times and spending without revenues in bad times is not counter cyclical policy.
Prove it that the US has been sliding in libertarian fiscal policy. The republicans and democrats are Keynesians since the economic theory allows them to grow the government, spend till their hearts content, and being debt based. There is no such thing as a libertarian fiscal policy since there hasn't been any libertarians with enough pull in the government to enact them.
I don't have to prove anything the track record is there. If you would take the time to watch these experts in the field of financial markets you would see that indeed.. they agree that libertarian economics and hence Austrian economics are the order. Now go take a look for yourself or just stop stonewalling the truth. I've already proved my arguement.. now take Bogle and Spitzer to task.
Thank you for your concession. You haven't proven that it is Austrian economics to blame. If anything I proved that you are incorrect in what you said. Have a wonderful day.
ok if you blindly say so.. self regulation is an axiom of Austrian economics. It is clear that both the experts agree it has failed. Deregulation has been an economic policy of both the republican party and democratic party with a much much larger emphasis in the right wing because of the focus on individual self regulation.
Spending .. erratically on social programs or what have you is no counter cyclical policy. Cutting Taxes, deregulation, pushing for decentralised powers, .. on and on. Whatever pathetic form of healthcare system you have it is completely privatised. Only a completely ignorant idiot would see your system as redistributive compared to other states that have it implemented regularly. Austrian economics is the cause of your global economic collapse and hence the desperate need for jobs.
To say Keynesian economics is the cause of the financial crises is both intellectually and morally wrong. America is a baston of socialism? Come on you can do better then that.
ok if you blindly say so.. self regulation is an axiom of Austrian economics. It is clear that both the experts agree it has failed. Deregulation has been an economic policy of both the republican party and democratic party with a much much larger emphasis in the right wing because of the focus on individual self regulation.
Spending .. erratically on social programs or what have you is no counter cyclical policy. Cutting Taxes, deregulation, pushing for decentralised powers, .. on and on. Whatever pathetic form of healthcare system you have it is completely privatised. Only a completely ignorant idiot would see your system as redistributive compared to other states that have it implemented regularly. Austrian economics is the cause of your global economic collapse and hence the desperate need for jobs.
To say Keynesian economics is the cause of the financial crises is both intellectually and morally wrong. America is a baston of socialism? Come on you can do better then that.
Strawman all the way through as well as attributing to me things I never said that lead you to hyperbole.
Man I really don't know where to start but you have a really screwed up understanding of Austrian economics.
No I have a very good understanding of it. You fail to understand spending can occur on one side while ideological perspectives can be implemented. Your a fool if you think your political parties are not trying to make happy individual financial contributors. I think it is you who is "screwed up" with regards to how your favorite political party makes policy.
No you really don't understand it at all, it's apparent from the get go.
Austrian economics does not favor inflationary monetary policy.
Anything you try to attribute to it is bunk.
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